Quantinno Capital Management LP Acquires 8,988 Shares of Huntsman Co. (NYSE:HUN)

Quantinno Capital Management LP increased its holdings in Huntsman Co. (NYSE:HUN) by 89.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,037 shares of the basic materials company’s stock after acquiring an additional 8,988 shares during the period. Quantinno Capital Management LP’s holdings in Huntsman were worth $461,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Huntsman in the second quarter valued at approximately $238,000. Washington Capital Management Inc. boosted its holdings in Huntsman by 25.6% during the 2nd quarter. Washington Capital Management Inc. now owns 19,600 shares of the basic materials company’s stock worth $446,000 after acquiring an additional 4,000 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Huntsman by 42.2% in the 2nd quarter. Pallas Capital Advisors LLC now owns 31,833 shares of the basic materials company’s stock worth $747,000 after acquiring an additional 9,452 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Huntsman by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock valued at $151,599,000 after purchasing an additional 97,082 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Huntsman by 3.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,237 shares of the basic materials company’s stock valued at $825,000 after purchasing an additional 1,202 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE HUN opened at $19.05 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $21.15 and a two-hundred day simple moving average of $22.11. Huntsman Co. has a 1-year low of $18.65 and a 1-year high of $27.01. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -27.61 and a beta of 0.97.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s payout ratio is currently -144.93%.

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Finally, UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.43.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.